Emerging Opportunities in the Water Storage Systems Market: Projected Valuation of $25.1 Billion by 2027
The global water storage systems market size is projected to grow from USD 16.5 billion in 2022 to USD 25.1 billion by 2027, at a CAGR of 8.7%. The increasing demand for water storage systems from end uses, such as residential, commercial, industrial, and municipal, drives the market. Demand for water tanks is encouraged by many companies to formulate different developmental strategies in...
Exploring the Current Trends and Future Prospects of the Water Storage Systems Market
The global water storage systems market size is projected to grow from USD 16.5 billion in 2022 to USD 25.1 billion by 2027, at a CAGR of 8.7%. Water storage systems are required for the efficient use and storage of water for various applications. Depending on the application and end use, these storage systems are constructed using various materials. The capacities of storage systems differ according...
CST Industries, Inc. (US) and McDermott International, Inc. (US) are the Leading Players in the Water Storage Systems Market
In terms of value, the global water storage systems market size is estimated to be USD 15.6 billion in 2019 and projected to reach USD 20.5 billion by 2024, growing at a CAGR of 5.6% from 2019 to 2024. Rapidly increasing population, water scarcity, ineffective water management, recycling of industrial wastewater, increasing urbanization, stringent regulation for conservation & consumption of water,...